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ValueMax posts 58% increase in 2Q earnings to $6.7 mil on lower operating expenses

Uma Devi
Uma Devi8/14/2019 07:01 PM GMT+08  • 2 min read
ValueMax posts 58% increase in 2Q earnings to $6.7 mil on lower operating expenses
SINGAPORE (Aug 14): ValueMax reported earnings of $6.7 million for 2Q19 ended June, a 57.8% increase from $4.2 million in 2Q18 last year, on the back of lower operating expenses.
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SINGAPORE (Aug 14): ValueMax reported earnings of $6.7 million for 2Q19 ended June, a 57.8% increase from $4.2 million in 2Q18 last year, on the back of lower operating expenses.

Revenue for 2Q19 rose 0.7% to $55.4 million from $55.0 million a year ago. Cost of sales fell 3.1% to $41.9 million.

Segmentally, revenue from retail and trading of jewellery and gold business and moneylending segments increased by $0.1 million and $0.6 million respectively, but was offset by a $0.3 million decrease in revenue from the pawnbroking segment.

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